Director of Global Sourcing Job Description [Updated for 2024]

director of global sourcing job description

In today’s globalized economy, the role of a Director of Global Sourcing has become increasingly critical.

As businesses span across borders, the need for strategic leaders who can navigate, optimize, and secure our global supply chains is at an all-time high.

But let’s delve deeper: What’s truly expected from a Director of Global Sourcing?

Whether you are:

  • A job seeker wanting to understand the essence of this role,
  • A hiring manager shaping your vision of the ideal candidate,
  • Or simply curious about the intricacies of global sourcing,

You’ve come to the right place.

Today, we unveil a customizable Director of Global Sourcing job description template, designed for effortless posting on job boards or career sites.

Let’s dive right into it.

Director of Global Sourcing Duties and Responsibilities

A Director of Global Sourcing is responsible for overseeing and managing the company’s global procurement strategy and operations to ensure cost-effective and efficient supply of products and services.

Their primary responsibilities and duties include:

  • Developing and implementing sourcing strategies on a global scale
  • Identifying potential suppliers and vendors worldwide
  • Negotiating contracts and terms with suppliers to ensure the best cost and quality
  • Establishing and maintaining relationships with key suppliers and vendors
  • Collaborating with other departments and stakeholders to identify needs and requirements
  • Monitoring and analyzing market trends to identify changes in costs and potential new sources
  • Ensuring compliance with international trade laws and regulations
  • Overseeing the performance of the supply chain and making necessary improvements
  • Managing a team of sourcing professionals, providing guidance and support as needed
  • Developing and managing budgets for global sourcing operations

 

Director of Global Sourcing Job Description Template

Job Brief

We are seeking a highly experienced Director of Global Sourcing to lead our strategic sourcing and vendor management operations.

The Director of Global Sourcing will be responsible for developing and implementing sourcing strategies, managing supplier relationships, negotiating contracts, and driving cost savings.

The successful candidate should have a strong background in supply chain management, procurement, and negotiation, with a keen understanding of global market trends.

 

Responsibilities

  • Develop and implement strategic sourcing policies and procedures
  • Manage supplier relationships and negotiate contracts
  • Identify and source potential suppliers and vendors globally
  • Ensure the company’s sourcing activities align with its business goals and objectives
  • Lead cost-saving initiatives and efficiency improvements
  • Analyze global market trends and apply this knowledge to make insightful buying decisions
  • Collaborate with other departments to identify new sourcing opportunities
  • Ensure compliance with local, national, and global sourcing laws and regulations
  • Maintain records of purchases, pricing, and other important data
  • Oversee risk management related to supply contracts and agreements

 

Qualifications

  • A minimum of 10 years’ experience in sourcing or procurement, preferably in a leadership role
  • Strong knowledge of sourcing and procurement principles and best practices
  • Excellent negotiation skills
  • Strong analytical and strategic thinking skills
  • Ability to manage relationships with key stakeholders
  • Excellent verbal and written communication skills
  • Proficient with procurement software
  • Bachelor’s degree in Business, Supply Chain Management, or a related field

 

Benefits

  • 401(k) with company match
  • Health, Dental, and Vision insurance
  • Generous vacation and paid time off
  • Company car and phone
  • Professional development opportunities
  • Work-from-home options

 

Additional Information

  • Job Title: Director of Global Sourcing
  • Work Environment: This role may be based in our corporate office, with occasional travel to vendors and manufacturers domestically and internationally. Remote work opportunities may be available.
  • Reporting Structure: Reports to the Vice President of Operations or Chief Operations Officer.
  • Salary: Compensation is competitive and commensurate with experience and qualifications.
  • Pay Range: $120,000 minimum to $200,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Director of Global Sourcing Do?

A Director of Global Sourcing typically works for large corporations across various industries, primarily responsible for managing and overseeing the company’s global procurement activities.

They develop and implement strategic sourcing plans, aiming to improve efficiency, reduce costs and ensure quality in the sourcing process.

This involves identifying potential suppliers, negotiating contracts, and maintaining relationships with existing suppliers.

They are also responsible for monitoring global market trends to identify changes that may impact the sourcing process or supply chain.

This includes keeping an eye on currency fluctuations, shipping costs, and potential geopolitical risks.

In their role, they work closely with other departments such as finance, operations, and sales to align the sourcing strategy with the overall business objectives.

They may also be responsible for ensuring that the company’s sourcing practices are ethical and sustainable, adhering to international standards and regulations.

 

Director of Global Sourcing Qualifications and Skills

A Director of Global Sourcing should have the skills and qualifications that align with job expectations, these include:

  • Proven experience in sourcing or procurement, with a focus on global markets, to effectively manage and optimize sourcing activities.
  • Strong negotiation skills to secure favorable terms and prices with suppliers.
  • Excellent communication skills to liaise with suppliers, stakeholders and internal teams, and to effectively present sourcing strategies.
  • Strategic thinking to develop and implement effective global sourcing strategies and plans.
  • Leadership skills to manage and direct the sourcing team, fostering a collaborative and productive environment.
  • Analytical abilities to evaluate market trends, supplier performance, and product quality, making adjustments to sourcing strategies as necessary.
  • Understanding of import/export regulations, international logistics and supply chain management to ensure compliance and efficiency in operations.
  • Problem-solving skills to identify and resolve any issues that may arise in the sourcing process.
  • Financial acumen to manage budgets and understand the financial impact of sourcing decisions.

 

Director of Global Sourcing Experience Requirements

Candidates for the position of Director of Global Sourcing must typically have at least 10 years of experience within procurement or supply chain management, with a focus on international sourcing.

This experience should include strategic sourcing, vendor management, and contract negotiations.

This role often requires a solid background in global trade, including knowledge of international laws, tariffs, customs regulations, and logistics.

Hence, prior experience in these areas will be highly beneficial.

Candidates with 5 or more years in a leadership role within procurement or supply chain management are often preferred.

This is because the Director of Global Sourcing will have to lead and manage a team, potentially spread across different geographical regions.

Experience with cross-cultural communication and negotiation is also essential, as the role involves working with various vendors and suppliers from different cultural backgrounds.

Familiarity with risk management and contingency planning is also often required, as the position involves managing and mitigating risks associated with global sourcing.

Finally, candidates may also need experience with specific software and technologies related to procurement and supply chain management, such as Enterprise Resource Planning (ERP) systems.

 

Director of Global Sourcing Education and Training Requirements

Directors of Global Sourcing typically hold a bachelor’s degree in business, supply chain management, or a related field.

They also often have a master’s degree in business administration or similar, which can be beneficial for understanding the complexities of global business strategies and operations.

This role requires a strong foundation in international business practices, supply chain management, and negotiation.

They often gain this through both formal education and extensive professional experience.

In addition to their formal education, Directors of Global Sourcing should have substantial experience in sourcing or procurement, preferably on an international scale.

Many have worked their way up through sourcing or purchasing roles, gradually taking on more responsibility and gaining international exposure.

Some professionals in this role may also pursue certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP), which provide further evidence of their skills and expertise.

Beyond these educational and experience requirements, Directors of Global Sourcing also need strong leadership, communication, and strategic planning skills.

They should be adept at building relationships across cultures and navigating the complexities of global supply chains.

 

Director of Global Sourcing Salary Expectations

The average salary for a Director of Global Sourcing is $123,386 (USD) per year.

The actual income can fluctuate depending on factors like years of experience, the employing company, and the cost of living in the geographic location of the job.

 

Director of Global Sourcing Job Description FAQs

What skills does a Director of Global Sourcing need?

A Director of Global Sourcing must have strong negotiation skills, as they are responsible for negotiating contracts and prices with global suppliers.

They should also have excellent communication and interpersonal skills, to build relationships with suppliers and maintain open and clear lines of communication.

Analytical skills are also crucial, as they must evaluate potential suppliers based on quality, cost, reliability, and capacity.

 

Does a Director of Global Sourcing need a specific degree?

A Director of Global Sourcing typically holds a Bachelor’s degree in Business, Supply Chain Management, or a related field.

However, a Master’s degree may be preferred by some companies, especially for those with a global operation.

Relevant experience in sourcing, supply chain, or procurement may also be necessary.

 

What should you look for in a Director of Global Sourcing resume?

A Director of Global Sourcing resume should display strong experience in procurement or sourcing roles, preferably on a global scale.

Look for knowledge of global supply chains, experience with vendor negotiations, and a demonstrated ability to reduce costs and improve efficiencies.

Familiarity with sourcing regulations and legal matters may also be beneficial.

 

What qualities make a good Director of Global Sourcing?

A good Director of Global Sourcing is strategic and forward-thinking, able to plan for future sourcing needs and anticipate market changes.

They should be an excellent problem solver and decision maker, able to analyze complex data and make sound sourcing decisions.

Good Directors are also adaptable, able to navigate the complexities of global markets and adapt to changes as they occur.

 

Is it difficult to hire a Director of Global Sourcing?

Hiring a Director of Global Sourcing can be challenging due to the specialized nature of the role and the high level of experience required.

The role demands someone with a deep understanding of global markets, regulations, and supply chain management.

This, combined with the need for strong leadership and negotiation skills, means that the pool of qualified candidates can be small.

 

Conclusion

And there you have it.

Today, we’ve unveiled the true essence of being a Director of Global Sourcing.

Surprised?

It’s not just about sourcing or procurement.

It’s about shaping the global commerce landscape, one strategic sourcing decision at a time.

With our definitive Director of Global Sourcing job description template and real-life examples, you’re ready to forge ahead.

But why limit yourself?

Dig deeper with our job description generator. It’s your next move towards creating meticulous listings or polishing your CV to perfection.

Remember:

Every sourcing decision plays a role in the grand scheme of things.

Let’s shape that future. Together.

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